Daily BNBETH Update
BNB is looking more interesting to me every day. Since it's "blowoff top" against ETH back in April of this year it's either been trending down or sideways. This may now be changing. BNB seems to be gaining strength over ETH and is looking to establish a new uptrend. Zooming into the 4hr and 1hr charts you can see this more clearly. There was some strong positive recent price action that was followed by a pullback. There was good volume on the upswing and only modest volume as profit-taking brought price back down to a previous level of support (dotted line). If you also look at the ADX you can see that the trend became weak as the price fell. If BNB can hold this level it has a very good chance of setting up a long term uptrend over ETH.
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